Overview

• Banco Nación marked the retail dollar near $1,500 for sale on Monday after $1,515 on Friday, the blue held around $1,520, and the wholesale rate hovered at $1,475 against a band cap of $1,476.79.
• The BCRA sold about US$678 million on Friday to contain the move, leaving gross reserves near US$39.26 billion, as Economy Minister Luis Caputo vowed to sell “until the last dollar” to defend the band.
• Financial exchange rates that had topped the cash market retreated sharply Monday to roughly $1,425–$1,433, after prior MEP/CCL references around $1,551 and $1,567.
• Crypto proxies signaled weekend stress, with USDT quotes near $1,550–$1,598, and the dollar tarjeta remained around $1,969.50 due to a 30% tax perception.
• Argentine bonds and equities rallied and country risk fell by roughly 100 basis points to about 1,190 after a temporary suspension of export duties and reported backing from the United States.